Previously Known As : Franklin India Taxshield
Franklin India Elss Tax Saver Fund Datagrid
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 19
Rating
Growth Option 27-10-2026
NAV ₹1339.48(R) +0.15% ₹1508.09(D) +0.16%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular -11.54% 8.93% 8.23% 13.35% 11.11%
Direct -10.87% 9.78% 9.1% 14.3% 12.1%
Benchmark
SIP (XIRR) Regular -11.35% -1.84% 6.87% 11.04% 11.3%
Direct -10.67% -1.05% 7.77% 12.0% 12.26%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.48 0.23 0.5 1.15% 0.08
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
14.43% -19.88% -15.91% 0.91 10.85%
Fund AUM As on: 30/12/2025 6737 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
Motilal Oswal ELSS Tax Saver Fund 1
quant Elss Tax Saver Fund 2
SBI ELSS Tax Saver Fund 3
Baroda BNP Paribas ELSS Tax Saver Fund 4
HSBC Elss Tax Saver Fund 5
Whiteoak Capital Elss Tax Saver Fund 6
JM ELSS Tax Saver Fund 7
Nippon India ELSS Tax Saver Fund 8

NAV Date: 27-10-2026

Scheme Name NAV Rupee Change Percent Change
Franklin India ELSS Tax Saver Fund - IDCW 56.6
0.0900
0.1500%
Franklin India ELSS Tax Saver Fund - Direct - IDCW 66.04
0.1000
0.1600%
Franklin India ELSS Tax Saver Fund-Growth 1339.48
2.0700
0.1500%
Franklin India ELSS Tax Saver Fund - Direct - Growth 1508.09
2.3600
0.1600%

Review Date: 27-10-2026

Beginning of Analysis

Franklin India ELSS Tax Saver Fund is the 16th ranked fund in the ELSS (Tax Saving) Fund category. The category has total 35 funds. The Franklin India ELSS Tax Saver Fund has shown an average past performence in ELSS (Tax Saving) Fund. The fund has a Jensen Alpha of 1.15% which is higher than the category average of -0.29%. Here the fund has shown good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 0.48 which is higher than the category average of 0.38.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
ELSS (Tax Saving) Mutual Funds are ideal for taxpayers seeking to save taxes under Section 80C while aiming for long-term wealth creation through equity investments. These funds offer a tax deduction of up to ₹1.5 lakh per financial year and have the shortest lock-in period of 3 years among all Section 80C options. However, being equity-oriented, they are subject to market risks and do not offer guaranteed returns. Investors should have a long-term investment horizon and a moderate to high risk tolerance to invest in ELSS funds. Additionally, the tax implications of long-term capital gains should be considered.

Franklin India ELSS Tax Saver Fund Return Analysis

The Franklin India ELSS Tax Saver Fund has delivered a mixed performance across various time horizons, showcasing both strengths and challenges when compared to its ELSS (Tax Saving) Fund peers and the Nifty 500 TRI benchmark. This analysis examines the fund’s returns over periods ranging from one month to ten years, alongside its Systematic Investment Plan (SIP) performance, highlighting its rankings within the ELSS (Tax Saving) Fund category and its ability to outperform or underperform the benchmark and category averages.

  • The fund has given a return of -1.67%, -5.6 and -4.59 in last one, three and six months respectively. In the same period the category average return was -2.34%, -4.99% and -2.8% respectively.
  • Franklin India ELSS Tax Saver Fund has given a return of -10.87% in last one year. In the same period the Nifty 500 TRI return was -2.0%. The fund has given 8.87% less return than the benchmark return.
  • The fund has given a return of 9.78% in last three years and rank 23rd out of thirty nine funds in the category. In the same period the Nifty 500 TRI return was 9.99%. The fund has given 0.21% less return than the benchmark return.
  • Franklin India ELSS Tax Saver Fund has given a return of 9.1% in last five years and category average returns is 9.09% in same period. The fund ranked 15th out of thirty one funds in the category. In the same period the Nifty 500 TRI return was 10.13%. The fund has given 1.03% less return than the benchmark return.
  • The fund has given a return of 12.1% in last ten years and ranked 18th out of twenty seven funds in the category. In the same period the Nifty 500 TRI return was 12.97%. The fund has given 0.87% less return than the benchmark return.
  • The fund has given a SIP return of -10.67% in last one year whereas category average SIP return is -6.79%. The fund one year return rank in the category is 35th in 41 funds
  • The fund has SIP return of -1.05% in last three years and ranks 29th in 39 funds. Motilal Oswal ELSS Tax Saver Fund has given the highest SIP return (8.29%) in the category in last three years.
  • The fund has SIP return of 7.77% in last five years whereas category average SIP return is 8.49%.

Franklin India ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 14.43 and semi deviation of 10.85. The category average standard deviation is 15.39 and semi deviation is 11.37.
  • The fund has a Value at Risk (VaR) of -19.88 and a maximum drawdown of -15.91. The category average VaR is -22.63 and the maximum drawdown is -18.27. The fund has a beta of 0.94 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in ELSS (Tax Saving) Fund Category
  • Good Performance in ELSS (Tax Saving) Fund Category
  • Poor Performance in ELSS (Tax Saving) Fund Category
  • Very Poor Performance in ELSS (Tax Saving) Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -1.73 -2.20
    -2.40
    		-6.82 | 0.01 16 | 40 Good
    3M Return % -5.77 -5.95
    -5.20
    		-7.98 | -1.67 27 | 40 Average
    6M Return % -4.95 -4.14
    -3.27
    		-7.56 | 3.48 30 | 40 Average
    1Y Return % -11.54 -8.03
    -8.03
    		-13.65 | 2.44 31 | 40 Poor
    3Y Return % 8.93 10.07
    9.49
    		1.61 | 18.23 23 | 39 Average
    5Y Return % 8.23 8.09
    7.91
    		3.69 | 14.05 15 | 31 Good
    7Y Return % 13.35 13.80
    13.30
    		8.80 | 22.41 14 | 31 Good
    10Y Return % 11.11 12.50
    11.95
    		8.81 | 17.75 17 | 26 Average
    15Y Return % 13.29 12.99
    13.48
    		11.31 | 16.45 11 | 19 Average
    1Y SIP Return % -11.35
    -7.72
    		-13.82 | 3.24 34 | 40 Poor
    3Y SIP Return % -1.84
    0.11
    		-4.22 | 7.00 26 | 39 Average
    5Y SIP Return % 6.87
    7.28
    		2.62 | 14.97 19 | 31 Average
    7Y SIP Return % 11.04
    10.60
    		5.53 | 17.14 12 | 31 Good
    10Y SIP Return % 11.30
    11.67
    		8.03 | 18.39 14 | 26 Good
    15Y SIP Return % 12.50
    12.88
    		10.12 | 18.80 11 | 20 Average
    Standard Deviation 14.43
    15.39
    		11.39 | 21.29 12 | 39 Good
    Semi Deviation 10.85
    11.37
    		8.48 | 15.53 16 | 39 Good
    Max Drawdown % -15.91
    -18.27
    		-28.24 | -14.41 10 | 39 Very Good
    VaR 1 Y % -19.88
    -22.63
    		-38.55 | -15.29 8 | 39 Very Good
    Average Drawdown % 8.98
    8.11
    		4.32 | 11.51 11 | 39 Good
    Sharpe Ratio 0.48
    0.38
    		-0.05 | 0.72 13 | 39 Good
    Sterling Ratio 0.50
    0.43
    		0.12 | 0.68 11 | 39 Good
    Sortino Ratio 0.23
    0.19
    		0.02 | 0.36 15 | 39 Good
    Jensen Alpha % 1.15
    -0.29
    		-8.12 | 6.11 11 | 38 Good
    Treynor Ratio 0.08
    0.07
    		-0.01 | 0.12 13 | 38 Good
    Modigliani Square Measure % 7.36
    6.01
    		-0.84 | 11.01 13 | 38 Good
    Alpha % 0.42
    -0.82
    		-8.52 | 6.66 13 | 38 Good
    Return data last Updated On : Oct. 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -1.67 -2.20 -2.34 -6.70 | 0.10 16 | 41 Good
    3M Return % -5.60 -5.95 -4.99 -7.59 | -1.43 27 | 41 Average
    6M Return % -4.59 -4.14 -2.80 -7.32 | 4.17 30 | 41 Average
    1Y Return % -10.87 -8.03 -7.03 -12.68 | 3.45 34 | 41 Poor
    3Y Return % 9.78 10.07 10.66 3.00 | 19.63 23 | 39 Average
    5Y Return % 9.10 8.09 9.09 4.63 | 15.42 15 | 31 Good
    7Y Return % 14.30 13.80 14.56 10.13 | 24.19 17 | 31 Average
    10Y Return % 12.10 12.50 13.01 9.38 | 19.13 18 | 27 Average
    1Y SIP Return % -10.67 -6.79 -13.35 | 4.26 35 | 41 Poor
    3Y SIP Return % -1.05 1.21 -2.62 | 8.29 29 | 39 Average
    5Y SIP Return % 7.77 8.49 4.28 | 16.40 19 | 31 Average
    7Y SIP Return % 12.00 11.88 7.42 | 18.79 15 | 31 Good
    10Y SIP Return % 12.26 12.76 8.88 | 20.00 16 | 27 Average
    Standard Deviation 14.43 15.39 11.39 | 21.29 12 | 39 Good
    Semi Deviation 10.85 11.37 8.48 | 15.53 16 | 39 Good
    Max Drawdown % -15.91 -18.27 -28.24 | -14.41 10 | 39 Very Good
    VaR 1 Y % -19.88 -22.63 -38.55 | -15.29 8 | 39 Very Good
    Average Drawdown % 8.98 8.11 4.32 | 11.51 11 | 39 Good
    Sharpe Ratio 0.48 0.38 -0.05 | 0.72 13 | 39 Good
    Sterling Ratio 0.50 0.43 0.12 | 0.68 11 | 39 Good
    Sortino Ratio 0.23 0.19 0.02 | 0.36 15 | 39 Good
    Jensen Alpha % 1.15 -0.29 -8.12 | 6.11 11 | 38 Good
    Treynor Ratio 0.08 0.07 -0.01 | 0.12 13 | 38 Good
    Modigliani Square Measure % 7.36 6.01 -0.84 | 11.01 13 | 38 Good
    Alpha % 0.42 -0.82 -8.52 | 6.66 13 | 38 Good
    Return data last Updated On : Oct. 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Franklin India Elss Tax Saver Fund NAV Regular Growth Franklin India Elss Tax Saver Fund NAV Direct Growth
    27-10-2026 1339.483 1508.0927
    26-10-2026 1337.4147 1505.7319
    23-10-2026 1328.3495 1495.4303
    22-10-2026 1336.3775 1504.436
    21-10-2026 1342.4057 1511.1901
    19-10-2026 1352.8065 1522.8337
    16-10-2026 1368.4252 1540.3169
    15-10-2026 1362.8727 1534.0344
    14-10-2026 1348.9028 1518.2777
    13-10-2026 1353.5357 1523.4598
    12-10-2026 1337.1721 1505.0098
    09-10-2026 1343.2148 1511.7143
    08-10-2026 1328.373 1494.9788
    07-10-2026 1351.5226 1520.9994
    06-10-2026 1361.5202 1532.2181
    05-10-2026 1346.9918 1515.8359
    01-10-2026 1343.6091 1511.9003
    30-09-2026 1354.5263 1524.1525
    29-09-2026 1358.1991 1528.2527
    28-09-2026 1363.0628 1533.6927

    Fund Launch Date: 10/Apr/1994
    Fund Category: ELSS (Tax Saving) Fund
    Investment Objective: The primary objective for Franklin IndiaTaxshield is to provide medium to long termgrowth of capital along with income taxrebate.
    Fund Description: An Open-End Equity Linked Savings Scheme
    Fund Benchmark: Nifty 500 TRI
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.